It can certainly cope with 5 different sizes of plate, and I love the amount of adjustment this thing has as it can be tilted backwards and forwards, side-to-side and up / down.
It did occur to me that I could use it as an enlarger, in the old-fashioned way... i.e. in a darkened room with the 'light' end taking in light from an outside window (or similar). That way, I wouldn't need electric to make positive images. However, with the rear of the unit removed, I'm still seriously thinking that all it needs is a lens panel for the front and a new rear frame / plate holders to create an LF camera.
This new beast could keep the chain adjustments for the bellows, the rise / fall on the lens panel and I could use the nested carriers in the plate holders that I make. Still, it wouldn't exactly be transportable and I'd like to use it for landscapes! In fact, I think that I could convert this unit into a camera in such a way that would mean I could turn it back into a magic lantern / enlarger at any time.